What do you know about microfinance

Question

Accepted Answer

Microfinance is a financial service that provides small loans and other financial services to low-income individuals and entrepreneurs.

Microfinance aims to alleviate poverty and promote economic development.
It typically targets individuals who lack access to traditional banking services.
Microfinance institutions offer small loans, savings accounts, insurance, and other financial products.
These services help individuals start or expand businesses, invest in education, and improve their living conditions.
Grameen Bank in Bangladesh and Kiva.org are well-known examples of microfinance organizations.

Accepted Answer

A company who deals in finance work in small level for example fd,rs,mis,casa,loan etc.

Accepted Answer

Small business who lack access to conventional banking and related service.

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